China Motor (TPE:2204) Cyclically Adjusted PS Ratio: 0.70 (As of Jul. 30, 2026) — 16% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2204 China Motor Corp TPE:2204
78 GF Score
Price NT$52.20
GF Value NT$66.11
Valuation Modestly Undervalued
! 12 Warning Signs
View Full Analysis

What is China Motor Cyclically Adjusted PS Ratio?

China Motor TPE:2204 +0.97% 78 Cyclically Adjusted PS Ratio is 0.70 as of Jul. 30, 2026, which is 16% below its 10-year median of 0.83. GuruFocus rates TPE:2204 with a GF Score™ of 78/100 and a GF Value™ of NT$66.11 (Modestly Undervalued). The stock has 12 warning signs investors should review. Among 1,043 Vehicles & Parts companies, China Motor ranks better than 51.1% on this metric.

As of today (2026-07-30), China Motor's current share price is NT$52.20. China Motor's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$74.82. China Motor's Cyclically Adjusted PS Ratio for today is 0.70.

The historical rank and industry rank for China Motor's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:2204' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.83   Max: 1.94
Current: 0.69

During the past years, China Motor's highest Cyclically Adjusted PS Ratio was 1.94. The lowest was 0.34. And the median was 0.83.

TPE:2204's Cyclically Adjusted PS Ratio is ranked better than
51.1% of 1043 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs TPE:2204: 0.69

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

China Motor's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$17.240. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$74.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Motor  (TPE:2204) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


China Motor Cyclically Adjusted PS Ratio Related Terms


China Motor Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Motor's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Motor Cyclically Adjusted PS Ratio Chart

China Motor Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.70 1.51 1.05 0.79

China Motor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 0.82 0.85 0.79 0.74

TPE:2204 vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, China Motor's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Motor Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Motor's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Motor's Cyclically Adjusted PS Ratio falls into.


TPE:2204
78GF Score
China Motor Corp TPE:2204
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Motor Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

China Motor's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=52.20/74.82
=0.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Motor's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, China Motor's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=17.24/330.2130*330.2130
=17.240

Current CPI (Mar. 2026) = 330.2130.

China Motor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 19.389 241.018 26.564
201609 18.308 241.428 25.041
201612 16.734 241.432 22.888
201703 19.895 243.801 26.947
201706 20.616 244.955 27.792
201709 16.343 246.819 21.865
201712 14.589 246.524 19.542
201803 19.066 249.554 25.228
201806 15.536 251.989 20.359
201809 14.755 252.439 19.301
201812 13.996 251.233 18.396
201903 6.393 254.202 8.305
201906 14.960 256.143 19.286
201909 13.349 256.759 17.168
201912 13.852 256.974 17.800
202003 14.048 258.115 17.972
202006 13.013 257.797 16.668
202009 14.836 260.280 18.822
202012 14.647 260.474 18.569
202103 15.829 264.877 19.733
202106 13.852 271.696 16.835
202109 15.628 274.310 18.813
202112 11.730 278.802 13.893
202203 13.251 287.504 15.219
202206 13.141 296.311 14.645
202209 13.653 296.808 15.190
202212 14.116 296.797 15.705
202303 16.639 301.836 18.203
202306 17.224 305.109 18.641
202309 16.840 307.789 18.067
202312 19.730 306.746 21.239
202403 22.422 312.332 23.706
202406 21.311 314.175 22.399
202409 15.267 315.301 15.989
202412 12.855 315.605 13.450
202503 14.555 319.799 15.029
202506 15.452 322.561 15.819
202509 13.868 324.800 14.099
202512 15.509 324.054 15.804
202603 17.240 330.213 17.240

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.70 mean?
China Motor (TPE:2204) has a Cyclically Adjusted PS Ratio of 0.70 as of Jul. 30, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on China Motor and its competitors. This is 16% below median its historical median of 0.83. Over the past decade, China Motor's Cyclically Adjusted PS Ratio has ranged from 0.34 to 1.94. According to the industry distribution chart, China Motor ranks #510 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 48.9%.
Is China Motor's Cyclically Adjusted PS Ratio too high?
China Motor's current Cyclically Adjusted PS Ratio of 0.70 is 16% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.94. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. China Motor's value of 0.70 is 2.8% below this industry median. Based on the distribution chart, China Motor ranks #510 out of 1043 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, China Motor has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Motor's Cyclically Adjusted PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, China Motor ranks #510 out of 1043 companies for Cyclically Adjusted PS Ratio. This puts China Motor in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.72. China Motor's value of 0.70 is 2.8% below this benchmark. Historically, China Motor's own Cyclically Adjusted PS Ratio has ranged from 0.34 to 1.94 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.72, China Motor has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Motor's current Cyclically Adjusted PS Ratio of 0.70 is 2.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on China Motor and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Motor's current Cyclically Adjusted PS Ratio is 0.70, which is 16% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Motor stock overvalued right now?
Based on GuruFocus' analysis, China Motor (TPE:2204) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$66.11, compared to a current price of NT$52.20 — trading 21% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.70, which is 16% below median its 10-year median of 0.83 and 2.8% below the Vehicles & Parts industry median of 0.72. China Motor's overall GF Score™ is 78/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For China Motor (TPE:2204), the current Cyclically Adjusted PS Ratio is 0.70 as of Jul. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Motor (TPE:2204) Overvalued in 2026?

Based on GuruFocus' analysis, China Motor stock appears to be undervalued. The current stock price of NT$52.20 is trading 21% below its estimated GF Value™ of NT$66.11. GuruFocus considers China Motor to be Modestly Undervalued.

Key valuation signals for TPE:2204:

  • Cyclically Adjusted PS Ratio: 0.70 (16% below median its 10-year median of 0.83)
  • GF Value™: NT$66.11 vs. price of NT$52.20 (21% below fair value)
  • GF Score™: 78/100 with 12 warning signs
  • Industry Position: 2.8% below the Vehicles & Parts median (#510 of 1043)

No single metric tells the full story. See the TPE:2204 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Motor Business Description

Address No. 618, Xiucai Road, Yangmei District, Taoyuan, TWN, 326
China Motor Corp is engaged in the manufacture and sale of automobiles and their related parts and components. Its products are Sedan, RVs, LCVs, trucks, EVs, Electric scooters, and AGVs. Its reportable segments were vehicle manufacturing, channel, and others. It generates the majority of its revenue from the Vehicle manufacturing segment.
78GF Score

Get the complete analysis for TPE:2204

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$52.20
Price
NT$66.11
GF Value